200 W SHORE DRIVE
About This Property
Tucked away at the quiet rear of the sought-after Wagamons West Shores community, this nearly one-acre wooded lot is one of the largest in the community and offers the perfect canvas for your dream home. With mature trees providing natural privacy and a peaceful, tucked-away setting, this corner lot invites you to build amidst nature's beauty.
What truly sets this property apart is its unbeatable location-right next to the entrance of the scenic Milton Rail Trail. Step out your future front door and onto the path that winds through lush woodlands, leading you straight into the heart of downtown Milton. Whether it's a morning bike ride to grab coffee, an afternoon stroll to browse local boutiques, or an easy walk to Dogfish Head Brewery for a laid-back evening, this location blends small-town charm with outdoor adventure in the most effortless way.
Bring your vision and your builder-this is more than a lot. It's a lifestyle waiting to happen.
Listed By
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 18, 2026 | Listed by Northrop Realty | $649,000 | |
| Listed by Northrop Realty | |||
| |||
|
Tucked away at the quiet rear of Wagamons West Shores, 200 W Shore Drive offers a rare opportunity to build a thoughtfully designed Modern Farmhouse on one of the largest wooded homesites in the community. Set on nearly an acre and positioned beside the entrance to the scenic Milton Rail Trail, this to-be-built home package blends natural privacy with the everyday charm that makes Milton so special.
This offering includes a home designed with comfort and ease in mind. The open layout features vaulted ceilings and a welcoming great room anchored by a fireplace, creating a warm and inviting space for quiet evenings or hosting family and friends. The kitchen flows effortlessly into the dining and living areas, while the private primary suite offers a peaceful retreat with generous bath and closet space. Two additional bedrooms provide flexibility for guests, hobbies, or a home office, and a 300-square-foot bonus room offers the option to finish additional space as your needs evolve .
Built with quality craftsmanship and upgraded finishes throughout, the home will feature board and batten siding that complements the community’s coastal character, durable architectural shingles, Andersen windows, a high-efficiency HVAC system, luxury vinyl plank flooring, and a tiled primary shower. Covered front and rear porches extend your living space outdoors, inviting you to enjoy morning coffee beneath the trees or unwind in the evening breeze. Public water and sewer are available, and the community HOA remains just $185 annually .
Life here is as appealing as the home itself. From your front door, step directly onto the Milton Rail Trail for a shaded walk or bike ride into historic downtown, where local shops, restaurants, and Dogfish Head Brewery await. Broadkill Beach is just 15 minutes away for peaceful coastal sunsets, while Lewes and Rehoboth Beach are an easy drive for dining, shopping, and oceanfront enjoyment. Located within the Cape Henlopen School District and inside Milton town limits, Wagamons West Shores offers the perfect balance of privacy, community, and connection.
This is more than a new construction opportunity—it’s the chance to settle into a home designed for the next chapter, surrounded by trees, trails, and the timeless warmth of Milton.
| |||
| Jun 2, 2025 | Relisted | $199,900 | |
| Relisted | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 18, 2025 | Listed by Northrop Realty | $199,900 | |
| Listed by Northrop Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017